If the past few months have been any indication, Toronto’s luxury condominium market is set to weather whatever storm may be on the horizon. High-rise luxury living has been front-and-centre this past year: the completion of the Four Seasons, Shangri-La and Trump Tower brought a new level of penthouse to the market. With the release last Thursday of the Sky Residences, you can now add Chaz Yorkville to the list.

The Sky Residences at Chaz Yorkville is the latest collection of suites released by developer 45 Charles Ltd. Located on the building's newly added upper floors, these units will no doubt provide impressive views of the surrounding city. The unique octagonal tower design, a product of Page + Steele / IBI Group Architects, provides 8 rather than four corner-suites per floor while simultaneously offering private outdoor space to each suite as well.

The release of the Sky Residences was held at the Chaz Yorkville sales centre, located at 101 Yorkville Avenue. The red carpet event attracted a number of investors interested in having a first look at these exclusive residences, with developer Jason Fane, project manager David McComb, architect Sol Wasshermuhl and designer Elaine Cecconi of Cecconi Simone in attendance.

While the suites undoubtedly offer a number of high-end finishes as well as access to a variety of amenities, what stood out were the assurances provided in regards to the quality of construction at Chaz Yorkville. First and foremost is the contracting of Edmonton-based construction company PCL. While their early portfolio is primarily composed of large-scale institutional buildings, PCL has in recent years increasingly taken on high-rise residential developments. The rapid pace of construction we’ve seen at MaRs Phase 2, as well as the quality of the Four Season’s Centre for Performing Arts and Terminal One at Pearson indicate the reliability of PCL and, if provided by the developer, the quality of the final product.

A painting performance by Toronto-based artist Jessica Gorlicky was one of the highlights of Thursday’s sales event.

The painting was auctioned off at the end of the night, raising $1600 for Sanctuary Missionaries, an organization that offers dignity, support and direction to people who want to reclaim healthy, meaningful lives. A second painting by Gorlicky will go into the amenities areas of the building.

Between the luxury finishes, sky-high panoramic views of the city and quality construction, Chaz Yorkville will no doubt bring a level of luxury to the market when completed in 2014. We’ll wrap up with a peek at the expansive Panorama floorplan – coming in at 2150 square feet, the 3-bedroom plus den suite on floor 47 will most definitely compete with the best of them.

Panorama Floorplan, image courtesy of 45 Charles Ltd.

Meanwhile, the excavation at Chaz is getting deeper. These shots were taken at the end of September:

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